Kate and Amberley are Swifties and want to travel to Melbourne to go to a Tay-Tay concert.
It will cost them a total of $13 000 for tickets, accommodation and transport.
They currently have $12 500 and can invest this amount for 9 months.
What is the minimum simple interest rate, correct to 1 decimal place, at which they can invest their money to reach their goal of $13 000? (3 marks)
--- 6 WORK AREA LINES (style=lined) ---